Ouster Sees Unusually Large Options Volume (NYSE:OUST)

Ouster, Inc. (NYSE:OUST) saw unusually large options trading on Monday. Traders bought 5,009 put options on the company. This is an increase of approximately 188% compared to the average volume of 1,738 put options.

Insiders Place Their Bets

In other Ouster news, General Counsel Megan Chung sold 5,776 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.96, for a total value of $45,976.96. Following the completion of the transaction, the general counsel now directly owns 163,966 shares of the company’s stock, valued at $1,305,169.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ouster news, CFO Mark Weinswig sold 19,990 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $9.35, for a total transaction of $186,906.50. Following the transaction, the chief financial officer now directly owns 236,800 shares in the company, valued at approximately $2,214,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Megan Chung sold 5,776 shares of Ouster stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $7.96, for a total transaction of $45,976.96. Following the sale, the general counsel now owns 163,966 shares of the company’s stock, valued at approximately $1,305,169.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,986 shares of company stock valued at $290,359. 6.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Stifel Financial Corp bought a new stake in Ouster during the first quarter worth $26,000. Two Sigma Securities LLC lifted its position in shares of Ouster by 142.5% during the 1st quarter. Two Sigma Securities LLC now owns 31,776 shares of the company’s stock worth $27,000 after buying an additional 18,674 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Ouster in the first quarter valued at about $27,000. Barclays PLC grew its position in Ouster by 543.1% in the fourth quarter. Barclays PLC now owns 38,959 shares of the company’s stock valued at $34,000 after acquiring an additional 32,901 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new position in Ouster during the third quarter worth about $37,000. Institutional investors own 31.45% of the company’s stock.

Ouster Price Performance

NYSE:OUST opened at $7.62 on Tuesday. The company has a market cap of $309.91 million, a P/E ratio of -0.69 and a beta of 2.54. The firm’s fifty day moving average price is $6.26 and its two-hundred day moving average price is $5.79. Ouster has a one year low of $3.21 and a one year high of $11.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.22 and a quick ratio of 2.94.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OUST shares. Craig Hallum raised their target price on Ouster from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Chardan Capital reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Ouster in a research note on Wednesday, April 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 price target on shares of Ouster in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.